Overall, EUR/USD is ranging across.
The eurozone CPI flash estimate y/y data released yesterday indicated continued strong rise in annual inflation, likely prompting the European Central Bank to consider an interest rate hike in 2022.
- CPI Flash Estimate y/y (Actual: 5.8%, Forecast: 5.6%, Previous: 5.1%)
- Core CPI Flash Estimate y/y (Actual: 2.7%, Forecast: 2.6%, Previous: 2.3%)
The eurozone Unemployment Rate data (Forecast: 6.9%, Previous: 7.0%) will be released later at 1800 (GMT+8).
The European Central Bank will be releasing the minutes for the most recent monetary policy meeting later at 2030 (GMT+8).
Currently, EUR/USD is testing to break below the key level of 1.11. Its next support zone is at 1.11000 and the next resistance zone is at 1.12000.
Look for short-term selling opportunities of EUR/USD if it breaks below the key level of 1.11.
The eurozone CPI flash estimate y/y data released yesterday indicated continued strong rise in annual inflation, likely prompting the European Central Bank to consider an interest rate hike in 2022.
- CPI Flash Estimate y/y (Actual: 5.8%, Forecast: 5.6%, Previous: 5.1%)
- Core CPI Flash Estimate y/y (Actual: 2.7%, Forecast: 2.6%, Previous: 2.3%)
The eurozone Unemployment Rate data (Forecast: 6.9%, Previous: 7.0%) will be released later at 1800 (GMT+8).
The European Central Bank will be releasing the minutes for the most recent monetary policy meeting later at 2030 (GMT+8).
Currently, EUR/USD is testing to break below the key level of 1.11. Its next support zone is at 1.11000 and the next resistance zone is at 1.12000.
Look for short-term selling opportunities of EUR/USD if it breaks below the key level of 1.11.